Chesapeake Gold Corp Stock Market Value
| CHPGF Stock | USD 0.96 0.03 3.03% |
| Symbol | Chesapeake |
Chesapeake Gold 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Chesapeake Gold's otc stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Chesapeake Gold.
| 12/21/2024 |
| 01/20/2025 |
If you would invest 0.00 in Chesapeake Gold on December 21, 2024 and sell it all today you would earn a total of 0.00 from holding Chesapeake Gold Corp or generate 0.0% return on investment in Chesapeake Gold over 30 days. Chesapeake Gold is related to or competes with AbraSilver Resource, Provenance Gold, Petra Diamonds, Scottie Resources, Blackrock Silver, Metallic Minerals, and GoGold Resources. Chesapeake Gold Corp., a mineral exploration and development company, focuses on the discovery, acquisition, and develop... More
Chesapeake Gold Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Chesapeake Gold's otc stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Chesapeake Gold Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 34.99 | |||
| Value At Risk | (7.59) | |||
| Potential Upside | 11.43 |
Chesapeake Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chesapeake Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chesapeake Gold's standard deviation. In reality, there are many statistical measures that can use Chesapeake Gold historical prices to predict the future Chesapeake Gold's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (2.91) |
Chesapeake Gold Corp Backtested Returns
Chesapeake Gold Corp secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11 % return per unit of standard deviation over the last 3 months. Chesapeake Gold Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chesapeake Gold's mean deviation of 4.23, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.1, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Chesapeake Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chesapeake Gold is expected to be smaller as well. At this point, Chesapeake Gold Corp has a negative expected return of -0.68%. Please make sure to confirm Chesapeake Gold's potential upside, day median price, and the relationship between the treynor ratio and accumulation distribution , to decide if Chesapeake Gold Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.37 |
Below average predictability
Chesapeake Gold Corp has below average predictability. Overlapping area represents the amount of predictability between Chesapeake Gold time series from 21st of December 2024 to 5th of January 2025 and 5th of January 2025 to 20th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Chesapeake Gold Corp price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Chesapeake Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Chesapeake Gold Corp lagged returns against current returns
Autocorrelation, which is Chesapeake Gold otc stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Chesapeake Gold's otc stock expected returns. We can calculate the autocorrelation of Chesapeake Gold returns to help us make a trade decision. For example, suppose you find that Chesapeake Gold has exhibited high autocorrelation historically, and you observe that the otc stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Chesapeake Gold regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Chesapeake Gold otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chesapeake Gold otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chesapeake Gold otc stock over time.
Current vs Lagged Prices |
| Timeline |
Chesapeake Gold Lagged Returns
When evaluating Chesapeake Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chesapeake Gold otc stock have on its future price. Chesapeake Gold autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Chesapeake Gold autocorrelation shows the relationship between Chesapeake Gold otc stock current value and its past values and can show if there is a momentum factor associated with investing in Chesapeake Gold Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Chesapeake OTC Stock
Chesapeake Gold financial ratios help investors to determine whether Chesapeake OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Chesapeake with respect to the benefits of owning Chesapeake Gold security.